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Wednesday, March 27, 2024
TopicAnil Ambani

Topic: Anil Ambani

Rolls Royce, mansion, yacht, watch – Anil Ambani, Nirav Modi, Mallya are losing them all

There is a rush to collect the assets of Indian tycoons owning bankrupt companies as banks battle mounting bad debt.

Anil Ambani says his net worth is zero, can’t pay Chinese banks back

A London court has ordered Anil Ambani to pay $100 million to three Chinese banks which are seeking $700 million in defaulted loans from his RCom.

Jail, bankruptcies and death — 2019 was a tough battle for Indian tycoons

Here are some of the country’s biggest and most-storied businessmen who saw their fortunes fade in 2019 as Indian banks attempted to repair their balance sheets.

Anil Ambani has a $680 million question to answer

The $680 million is the amount Industrial & Commercial Bank of China is seeking to recover from Anil Ambani by invoking a ‘personal guarantee’ he gave in 2012.

Anil Ambani’s loan default testimony ‘implausible and highly unlikely’, London judge says

The setback for Anil Ambani came in a dispute with three Chinese banks seeking $680 million in defaulted loans.

Anil Ambani’s bankrupt shipyard stock surges 600% in 11 weeks, speculators suspected

Reliance Naval & Engineering stock hasn’t declined since 9 Sept in a rally that has lifted it to Rs 7.31 from its record-low close of 95 paise.

Anil Ambani, 4 others resign from bankrupt Reliance Communications

The resignations come as Reliance Communications faces insolvency proceedings under the Insolvency and Bankruptcy Code.

Anil Ambani faces his investors again, vows to sell assets and cut debt

Anil Ambani is struggling to save the remnants of his telecommunications-to-infrastructure empire from collapse after RCom slipped into insolvency.

Clock ticking for Anil Ambani, Subhash Chandra to save shares they’ve pledged

Anil Ambani, Subhash Chandra have raised funds to expand their empires by pledging equity stakes in their firms and repayment dates are looming.

Default rating for Anil Ambani’s Reliance Capital reignites credit scare

Care Ratings cut Reliance Capital’s bonds by 8 notches to D from BB, citing delay in coupon payments on several of lender’s non-convertible debentures.

On Camera

Mamata Shankar stuck in Dark Ages. Gen Z showing India there’s no one way to wear a saree

In an interview with Anandabazar Patrika Shankar waxed eloquent about her many objections to the pallu not covering the bosom area of Gen Z women. She called them ‘women of the street’.

Why Tamil Nadu’s women make up nearly half of India’s female factory workforce

With an educated & skilled workforce, Tamil Nadu has a burgeoning industrial sector which has scored massive investments in automobiles, electronics, and even footwear.

Taiwan reports Chinese military activity around the island

Taiwan has detected a total of 301 Chinese military aircraft and 165 Chinese naval vessels so far in 2024.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.